The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-10-20

16 Ale; January, GAS a Acc; February, 6.480
6 soc; March. g. SO Soc: May, Ct q g. 69c; city
steam. 6. Coo, closing. 6 80.
Butter quiet and weak; Western, IL "a Zoe;
Western creamery, 16 025c. Cheese dull and
easier: Western, 103 1l4c.
CHICAGO. Oct. l9-The markets on Change
to-day had little to break the monotony which
has marked them of late. The provision furry
of yesterday caused by the arrival of 80, 600
porkers at the stock yards, Was oil to-day as
about rs, OCO, less by several thousand than was
estimated, to arrive for the day. The
grain markets started firm and at improved
prices for wheat and corn. Gables were steady
and unchanged. and the amount of wheat and
corn ocean passage showed decided de-
crease Clearances were again so small as to
be discouraging Speculative trading in wheat
was again light during most of the session. but
a firm feeling appeared TO exist, which later de-
veloped and prices took an upward course. NO
special reason was given for the strength. ex-
cepting that the offerings were light, and when
prices started MP the shorts" began to cover.
Some outside orders were also received, and
there WAS more doing in the thirty minutes just
before the close than during the balance of the
session. Receipts continue about as large
heretofore, and the shipments light excepting
from Duluth, where the shipments were report
ed at 281, 900 bu. The market opened shade
frmer than yesterdays closing, and advanced
Sd &c, closing about &c higher than yesterday.
Corn was traded in only moderately to-day, ana
fluctuations were within a limited range Inc
feeling was firmer, duo mainly to free buying OF
the more deferred deliveries by a prominent To-
cal operator. The market opened snade
higher than yesterdays closing prices, advanced
40ac ruled quiet and closed a03c higher than
yesterday. The demand for the better grades
was fair. with offerings somewhat freer vessel
room being scarce and lake freights firm. hav-
ing tendency to increase offerings. especially
for seller the month. Toward the
close the market ruled frmer.
in sympathy with the advance
in wheat, the May option closing at 45c. In oats
there was &c decline for October delivery, the
shorts" ha wing evidently covered most of their
outstanding contracts, and there was less de-
mand. This decline caused November to rule
easier and to decline &c, but further than this
there essential change May being, If
anything. a shade steadler. Later in the session
there was a general recovery, resulting in some
advance for deferred futures. moderate
speculative business done, but the cash
business was left to the sample market. In pro-
visions the trade was dsappontinglv slow. Yes
terdav's activity led to general belief that the
dull period had terminated and that from
forward fairly active mar
ket. at least. might be expected
Hence when business to-day after brief squirt
in the morning fell back into its old, slow rut
traders promptly changed their tactics and
hesitatng feeling assumed control Produce,
however, quite strongly held and as COM
pared with last nights closing. January pork
was advanced Sc. and Novemb Der and December
lard. as we'll as October and January short ribs.
though not quotablv higher. January. the lead
ing future sold at S12 02 II 079c for pork, 124
nc 17ac for lard. and OH q G. l24c for short ribs
For the same months pork closed at $l2 %. lard
at g. 15c and short ribs at 6.l0c. The leading
futures ranged aa follows.